Press Releases

Dubai,
May 25, 2011

Deutsche Bank launches annual MBA scholarship at the American University of Beirut

The Deutsche Bank Middle East Foundation announced today the launch of its first ever postgraduate scholarship in the Middle East.

The scholarship will be offered on an annual basis at the American University of Beirut’s (AUB) Olayan School of Business (OSB), beginning as early as September of this year and covering the full two-year MBA tuition.

The scholarship is open to all interested postgraduate students from across the Middle East and North Africa region, who satisfy the AUB’s MBA admission criteria, and who are both financially in need and academically outstanding.

Dr. Henry Azzam, Chairman of the Deutsche Bank Middle East Foundation, said “We are extremely pleased to be able to offer distinguished postgraduate students, who are in need of financial aid, this outstanding opportunity at one of the region’s foremost academic institutions. We look forward to rolling out similar scholarships in partnership with the AUB and other universities in the region in the near future.”

George K.Najjar, Dean of the Olayan School of Business at AUB, said:” The Olayan School of Business at AUB is proud to have been selected by Deutsche Bank for its first-ever MBA scholarship in the region, and we are certain that this much appreciated generosity will offer the opportunity for a young deserving person to get a professional head-start by acquiring a highly coveted degree.”

Najjar added: “The OSB lauds DB’s special gesture and considers it a fine example of corporate social responsibility reflecting the spirit of partnership between academia and business in pursuit of shared goals.”

Potential applicants should apply directly to the AUB’s admission’s office. Upon completion of the MBA, the candidate will be considered for an internship at Deutsche Bank.

Established in 2008, The Deutsche Bank Middle East Foundation is the latest initiative to join the family of the Bank’s foundations in Asia, Africa and the Americas. In addition, Deutsche Bank has active CSR programs across Europe and the UK.

The Deutsche Bank Middle East Foundation focuses on funding investments in arts, education, community development, sustainability, and volunteering in the Middle East North Africa region.

About Deutsche BankDeutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

About AUBFounded in 1866, the American University of Beirut bases its educational philosophy, standards, and practices on the American liberal arts model of higher education. A teaching-centered research university, AUB has more than 600 full-time faculty members and a student body of more than 7,000 students. AUB currently offers more than 100 programs leading to the bachelor’s, master’s, MD, and PhD degrees. It provides medical education and training to students from throughout the region at its Medical Center that includes a full service 420-bed hospital. The Olayan School of Business was named in 2000 to honor the memory of the late Suliman S. Olayan and to celebrate one hundred years of business education at AUB. The school, which has 50 fulltime faculty members, 1,200 undergraduates, 100 MBA students, and 45 EMBA (Executive MBA) candidates, is the premier business school in the Arab World.